As of this date you can no longer deduct Mortgage Insurance Premiums. However, there is a chance this could be extended.
Xcelsior Financial Services, LLC. is a small privately owned business. We have served many clients and generations of families in the Rockaway and beyond. Our focus is personalized attention and quality service. We hope you'll give us the opportunity to work for you.
Over the years, we have prepared millions of personal and business tax returns for a diverse range of clients. Our core principles have always been a focus on customer service and client relations. Experience, as well as our focus on customer service, is the reason why we are still in business
Income Tax can help ensure that your well-deserved money stays in your pocket, where it belongs. You would be surprised how many taxpayers overpay their taxes by self-preparing their returns, or go to under-qualified tax preparers. That's why we offer professional & affordable services, which also includes a FREE review of your last three years tax returns. Frequently, we find mistakes or omissions and can amend your returns to get you back additional refund money.
The Health Coverage Tax Credit is a tax credit that pays 72.5 percent of qualified health insurance premiums for eligible individuals and their families.
Tax Year 2016 Maximum Credit:
$6,269 with three or more qualifying children
$5,572 with two qualifying children
$3,373 with one qualifying child
$506 with no qualifying children
The Earned Income Tax Credit, and the Child and Dependent Care Credit help millions of families every year. There are also a number of credits for small and large businesses.